Considerations transferred

	USD
Consideration Shares issued		17,380,331
Consideration Shares to be issued		3,067,109
Total		20,447,440

Assets acquired and liabilities recognized at the date of acquisition on provisional basis

	USD
Intangible asset– technology		2,510,000
Intangible asset – customer relationship		240,000
Trade receivables, net		107,740
Other receivables, deposit and prepayment		134,501
Contract assets		97,672
Cash and cash equivalents		5,585
Trade payable		(1,041,128	)
Other payables and accruals		(823,725	)
Loans from the Company prior to the acquisition		(768,620	)
Deferred revenue		(261,351	)
Deferred tax liabilities		(605,000	)
Total assets liabilities acquired		(404,326	)

Net cash inflow on acquisition

		USD
Cash and cash equivalents acquired			5,585

Goodwill arising on acquisition

	USD
Consideration transferred		5,684,999
Less: recognized amounts of net assets acquired		(103,275	)
Goodwill arising on acquisition		5,581,724

Considerations transferred

Assets acquired and liabilities recognized at the date of acquisition on provisional basis

	USD
Intangible asset– technology		2,020,000
Intangible asset – brand name		1,800,000
Intangible asset – customer relationship		200,000
Trade receivables, net		342,071
Other receivables, deposit and prepayment		351,946
Tax receivables		14,240
Cash and cash equivalents		970,683
Trade payable		(20,043	)
Other payables and accruals		(703,241	)
Deferred revenue		(1,020,319	)
Deferred tax liabilities		(1,213,035	)
Total assets liabilities acquired		2,742,302

Net cash outflow on acquisition

	USD
Cash consideration paid		3,519,098
Less: Cash and cash equivalents acquired		(970,683	)
		2,548,415